DROPBOX INC-CLASS A (DBX) Fundamental Analysis & Valuation

NASDAQ:DBX • US26210C1045

Current stock price

23.12 USD
-1.3 (-5.32%)
At close:
23.3 USD
+0.18 (+0.78%)
After Hours:

This DBX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. DBX Profitability Analysis

1.1 Basic Checks

  • DBX had positive earnings in the past year.
  • DBX had a positive operating cash flow in the past year.
  • In the past 5 years DBX has always been profitable.
  • DBX had a positive operating cash flow in each of the past 5 years.
DBX Yearly Net Income VS EBIT VS OCF VS FCFDBX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M

1.2 Ratios

  • DBX's Return On Assets of 17.87% is amongst the best of the industry. DBX outperforms 93.53% of its industry peers.
  • DBX has a better Return On Invested Capital (62.16%) than 99.64% of its industry peers.
  • DBX had an Average Return On Invested Capital over the past 3 years of 33.41%. This is significantly above the industry average of 10.92%.
  • The last Return On Invested Capital (62.16%) for DBX is above the 3 year average (33.41%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 17.87%
ROE N/A
ROIC 62.16%
ROA(3y)15.56%
ROA(5y)15.07%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)33.41%
ROIC(5y)25.98%
DBX Yearly ROA, ROE, ROICDBX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -100 -200

1.3 Margins

  • Looking at the Profit Margin, with a value of 20.17%, DBX belongs to the top of the industry, outperforming 87.05% of the companies in the same industry.
  • In the last couple of years the Profit Margin of DBX has declined.
  • With an excellent Operating Margin value of 27.43%, DBX belongs to the best of the industry, outperforming 92.45% of the companies in the same industry.
  • In the last couple of years the Operating Margin of DBX has grown nicely.
  • With an excellent Gross Margin value of 80.15%, DBX belongs to the best of the industry, outperforming 82.01% of the companies in the same industry.
  • DBX's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 27.43%
PM (TTM) 20.17%
GM 80.15%
OM growth 3Y21.24%
OM growth 5Y34.07%
PM growth 3Y-5.37%
PM growth 5YN/A
GM growth 3Y-0.31%
GM growth 5Y0.46%
DBX Yearly Profit, Operating, Gross MarginsDBX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 60 80

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3

2. DBX Health Analysis

2.1 Basic Checks

  • DBX has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • DBX has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for DBX has been reduced compared to 5 years ago.
  • The debt/assets ratio for DBX is higher compared to a year ago.
DBX Yearly Shares OutstandingDBX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
DBX Yearly Total Debt VS Total AssetsDBX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.2 Solvency

  • Based on the Altman-Z score of 0.25, we must say that DBX is in the distress zone and has some risk of bankruptcy.
  • DBX has a worse Altman-Z score (0.25) than 68.70% of its industry peers.
  • The Debt to FCF ratio of DBX is 3.42, which is a good value as it means it would take DBX, 3.42 years of fcf income to pay off all of its debts.
  • DBX has a Debt to FCF ratio of 3.42. This is in the better half of the industry: DBX outperforms 61.51% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 3.42
Altman-Z 0.25
ROIC/WACC6.11
WACC10.18%
DBX Yearly LT Debt VS Equity VS FCFDBX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B

2.3 Liquidity

  • DBX has a Current Ratio of 0.63. This is a bad value and indicates that DBX is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Current ratio of DBX (0.63) is worse than 89.21% of its industry peers.
  • A Quick Ratio of 0.63 indicates that DBX may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.63, DBX is doing worse than 89.21% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.63
Quick Ratio 0.63
DBX Yearly Current Assets VS Current LiabilitesDBX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. DBX Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 12.75% over the past year.
  • The Earnings Per Share has been growing by 24.93% on average over the past years. This is a very strong growth
  • The Revenue has decreased by -1.07% in the past year.
  • Measured over the past years, DBX shows a small growth in Revenue. The Revenue has been growing by 5.66% on average per year.
EPS 1Y (TTM)12.75%
EPS 3Y21.19%
EPS 5Y24.93%
EPS Q2Q%-6.85%
Revenue 1Y (TTM)-1.07%
Revenue growth 3Y2.74%
Revenue growth 5Y5.66%
Sales Q2Q%-1.15%

3.2 Future

  • Based on estimates for the next years, DBX will show a small growth in Earnings Per Share. The EPS will grow by 1.64% on average per year.
  • DBX is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.44% yearly.
EPS Next Y6.2%
EPS Next 2Y9.65%
EPS Next 3Y5.39%
EPS Next 5Y1.64%
Revenue Next Year-0.51%
Revenue Next 2Y-0.43%
Revenue Next 3Y-0.47%
Revenue Next 5Y-0.44%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
DBX Yearly Revenue VS EstimatesDBX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500M 1B 1.5B 2B 2.5B
DBX Yearly EPS VS EstimatesDBX Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 1 2 3

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8

4. DBX Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 8.17, the valuation of DBX can be described as very reasonable.
  • Based on the Price/Earnings ratio, DBX is valued cheaper than 91.37% of the companies in the same industry.
  • DBX's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.50.
  • Based on the Price/Forward Earnings ratio of 7.69, the valuation of DBX can be described as very cheap.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of DBX indicates a rather cheap valuation: DBX is cheaper than 88.13% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.67. DBX is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 8.17
Fwd PE 7.69
DBX Price Earnings VS Forward Price EarningsDBX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, DBX is valued cheaply inside the industry as 89.93% of the companies are valued more expensively.
  • 94.96% of the companies in the same industry are more expensive than DBX, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 5.79
EV/EBITDA 9.05
DBX Per share dataDBX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • DBX has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.32
PEG (5Y)0.33
EPS Next 2Y9.65%
EPS Next 3Y5.39%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. DBX Dividend Analysis

5.1 Amount

  • DBX does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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DBX Fundamentals: All Metrics, Ratios and Statistics

DROPBOX INC-CLASS A

NASDAQ:DBX (3/24/2026, 8:24:00 PM)

After market: 23.3 +0.18 (+0.78%)

23.12

-1.3 (-5.32%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-19
Earnings (Next)05-06
Inst Owners127.21%
Inst Owner Change-13.41%
Ins Owners7.6%
Ins Owner Change3.43%
Market Cap5.38B
Revenue(TTM)2.52B
Net Income(TTM)508.40M
Analysts50
Price Target26.08 (12.8%)
Short Float %18.84%
Short Ratio6.49
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)6.54%
Min EPS beat(2)-0.04%
Max EPS beat(2)13.12%
EPS beat(4)3
Avg EPS beat(4)8.96%
Min EPS beat(4)-0.04%
Max EPS beat(4)13.12%
EPS beat(8)7
Avg EPS beat(8)11.54%
EPS beat(12)11
Avg EPS beat(12)11.27%
EPS beat(16)15
Avg EPS beat(16)9.5%
Revenue beat(2)2
Avg Revenue beat(2)0.45%
Min Revenue beat(2)0.16%
Max Revenue beat(2)0.74%
Revenue beat(4)3
Avg Revenue beat(4)0.2%
Min Revenue beat(4)-0.25%
Max Revenue beat(4)0.74%
Revenue beat(8)3
Avg Revenue beat(8)-0.12%
Revenue beat(12)5
Avg Revenue beat(12)-0.05%
Revenue beat(16)5
Avg Revenue beat(16)-0.12%
PT rev (1m)-10.57%
PT rev (3m)-9.63%
EPS NQ rev (1m)-5.8%
EPS NQ rev (3m)-4.66%
EPS NY rev (1m)-2.05%
EPS NY rev (3m)-1.48%
Revenue NQ rev (1m)0.43%
Revenue NQ rev (3m)0.65%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)0.08%
Valuation
Industry RankSector Rank
PE 8.17
Fwd PE 7.69
P/S 2.14
P/FCF 5.79
P/OCF 5.66
P/B N/A
P/tB N/A
EV/EBITDA 9.05
EPS(TTM)2.83
EY12.24%
EPS(NY)3.01
Fwd EY13%
FCF(TTM)3.99
FCFY17.28%
OCF(TTM)4.09
OCFY17.68%
SpS10.82
BVpS-7.72
TBVpS-9.81
PEG (NY)1.32
PEG (5Y)0.33
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 17.87%
ROE N/A
ROCE 72.68%
ROIC 62.16%
ROICexc N/A
ROICexgc N/A
OM 27.43%
PM (TTM) 20.17%
GM 80.15%
FCFM 36.91%
ROA(3y)15.56%
ROA(5y)15.07%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)33.41%
ROIC(5y)25.98%
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)39.07%
ROCE(5y)30.38%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y21.24%
OM growth 5Y34.07%
PM growth 3Y-5.37%
PM growth 5YN/A
GM growth 3Y-0.31%
GM growth 5Y0.46%
F-Score6
Asset Turnover0.89
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 3.42
Debt/EBITDA 2.74
Cap/Depr 13.6%
Cap/Sales 0.85%
Interest Coverage 6.53
Cash Conversion 112.12%
Profit Quality 183.01%
Current Ratio 0.63
Quick Ratio 0.63
Altman-Z 0.25
F-Score6
WACC10.18%
ROIC/WACC6.11
Cap/Depr(3y)14.87%
Cap/Depr(5y)17.18%
Cap/Sales(3y)0.91%
Cap/Sales(5y)1.11%
Profit Quality(3y)181.01%
Profit Quality(5y)177.91%
High Growth Momentum
Growth
EPS 1Y (TTM)12.75%
EPS 3Y21.19%
EPS 5Y24.93%
EPS Q2Q%-6.85%
EPS Next Y6.2%
EPS Next 2Y9.65%
EPS Next 3Y5.39%
EPS Next 5Y1.64%
Revenue 1Y (TTM)-1.07%
Revenue growth 3Y2.74%
Revenue growth 5Y5.66%
Sales Q2Q%-1.15%
Revenue Next Year-0.51%
Revenue Next 2Y-0.43%
Revenue Next 3Y-0.47%
Revenue Next 5Y-0.44%
EBIT growth 1Y42.2%
EBIT growth 3Y24.56%
EBIT growth 5Y41.66%
EBIT Next Year12.11%
EBIT Next 3Y3.03%
EBIT Next 5Y7.95%
FCF growth 1Y6.77%
FCF growth 3Y6.86%
FCF growth 5Y13.66%
OCF growth 1Y6.45%
OCF growth 3Y6.08%
OCF growth 5Y10.77%

DROPBOX INC-CLASS A / DBX Fundamental Analysis FAQ

What is the ChartMill fundamental rating of DROPBOX INC-CLASS A (DBX) stock?

ChartMill assigns a fundamental rating of 5 / 10 to DBX.


Can you provide the valuation status for DROPBOX INC-CLASS A?

ChartMill assigns a valuation rating of 8 / 10 to DROPBOX INC-CLASS A (DBX). This can be considered as Undervalued.


Can you provide the profitability details for DROPBOX INC-CLASS A?

DROPBOX INC-CLASS A (DBX) has a profitability rating of 8 / 10.


What is the expected EPS growth for DROPBOX INC-CLASS A (DBX) stock?

The Earnings per Share (EPS) of DROPBOX INC-CLASS A (DBX) is expected to grow by 6.2% in the next year.